SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
__________
SCHEDULE 13G
(Amendment No. 2)
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Waddell & Reed Financial, Inc.
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(Name of Issuer)
Class B Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
930059209
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(CUSIP Number)
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CUSIP No. 930059209 13G/A Page 2 of 12 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Management LP
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
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SOLE VOTING POWER
5.
NUMBER OF
3,973,413
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
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EACH SOLE DISPOSITIVE POWER
7.
REPORTING
3,973,413
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
3,973,413
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.9%
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TYPE OF REPORTING PERSON
12.
PN
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CUSIP No. 930059209 13G/A Page 3 of 12 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields GP LLC
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Delaware
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SOLE VOTING POWER
5.
NUMBER OF
3,973,413
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
3,973,413
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
3,973,413
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.9%
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TYPE OF REPORTING PERSON
12.
OO
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CUSIP No. 930059209 13G/A Page 4 of 12 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jonathon S. Jacobson
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
United States
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SOLE VOTING POWER
5.
NUMBER OF
3,973,413
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
3,973,413
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
3,973,413
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.9%
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TYPE OF REPORTING PERSON
12.
IN
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CUSIP No. 930059209 13G/A Page 5 of 12 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard L. Grubman
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
United States
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SOLE VOTING POWER
5.
NUMBER OF
3,973,413
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
3,973,413
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
3,973,413
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
9.9%
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TYPE OF REPORTING PERSON
12.
IN
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CUSIP No. 930059209 13G/A Page 6 of 12 Pages
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NAME OF REPORTING PERSON
1. S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Highfields Capital Ltd.
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2. (a) [_]
(b) [_]
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SEC USE ONLY
3.
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CITIZENSHIP OR PLACE OF ORGANIZATION
4.
Cayman Islands
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SOLE VOTING POWER
5.
NUMBER OF
2,768,397
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6.
OWNED BY --0--
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7.
REPORTING
2,768,397
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8.
--0--
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9.
2,768,397
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10.
[_]
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11.
6.9%
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TYPE OF REPORTING PERSON
12.
OO
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CUSIP No. 930059209 13G/A Page 7 of 12 Pages
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Item 1(a). Name of Issuer:
Waddell & Reed Financial, Inc
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Item 1(b). Address of Issuer's Principal Executive Offices:
6300 Lamar Avenue, Overland Park, Kansas 66202
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Item 2(a). Name of Person Filing:
This statement is being filed by the following persons with
respect to the shares of Class B common stock of the Issuer
("common stock") directly owned by Highfields Capital I LP,
Highfields Capital II LP and Highfields Capital Ltd.
(collectively, the "Funds"):
(i) Highfields Capital Management LP, a Delaware limited
partnership ("Highfields Capital Management") and
Investment Manager to each of the Funds,
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields
Capital Management,
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP,
and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
This statement is also being filed by Highfields Capital Ltd., an
exempted limited company organized under the laws of the Cayman
Islands, with respect to the shares of common stock of the Issuer
owned by Highfields Capital Ltd. (which shares are also included
in the filings for Highfields Capital Management, Highfields GP,
Jonathon S. Jacobson and Richard L. Grubman).
Highfields Capital Management, Highfields GP, Mr. Jacobson, Mr.
Grubman and Highfields Capital Ltd. are sometimes individually
referred to herein as a "Reporting Person" and collectively as
the "Reporting Persons."
Item 2(b). Address of Principal Business Office or, if None, Residence:
Address for Highfields Capital Management, Highfields GP, Mr.
Jacobson and Mr. Grubman:
c/o Highfields Capital Management
200 Clarendon Street
Boston, Massachusetts 02117
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CUSIP No. 930059209 13G/A Page 8 of 12 Pages
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Address for Highfields Capital Ltd.:
c/o Goldman Sachs (Cayman) Trust, Limited
Harbour Centre, North Church Street
P.O. Box 896
George Town, Grand Cayman
Cayman Islands
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Item 2(c). Citizenship:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Jonathon S. Jacobson - United States
Richard L. Grubman - United States
Highfields Capital Ltd. - Cayman Islands
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Item 2(d). Title of Class of Securities:
Class B Common Stock, par value $.01 per share
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Item 2(e). CUSIP Number:
930059209
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Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
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CUSIP No. 930059209 13G/A Page 9 of 12 Pages
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(h) [_] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this
box. [X]
Item 4. Ownership.
Provide the following information regarding the aggregate number
of and percentage of the class of securities of the Issuer
identified in Item 1.
For Highfields Capital Management, Highfields GP, Mr. Jacobson
and Mr. Grubman:
(a) Amount beneficially owned:
3,973,413 shares of Common Stock.
---------------------------------
(b) Percent of class:
9.9%
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 3,973,413
---------
(ii) Shared power to vote or to direct the vote --0--
-----
(iii) Sole power to dispose or to direct the disposition
of 3,973,413
----------
(iv) Shared power to dispose or to direct the
disposition of --0--
-----
For Highfields Capital Ltd.:
(a) Amount beneficially owned:
2,768,397 shares of Common Stock.
---------------------------------
(b) Percent of class:
6.9%
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CUSIP No. 930059209 13G/A Page 10 of 12 Pages
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(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 2,768,397
---------
(ii) Shared power to vote or to direct the vote --0--
-----
(iii) Sole power to dispose or to direct the disposition
of 2,768,397
---------
(iv) Shared power to dispose or to direct the
disposition of --0--
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Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The shares to which this filing relates are directly owned by the
Funds. Each of the Reporting Persons has the power to direct the
dividends from or the proceeds of the sale of the shares owned by
such Funds. Highfields Capital Management serves as the
Investment Manager to each of the Funds. Highfields Capital Ltd.,
a reporting person herein, owns directly 6.9% of the shares of
common stock of the Issuer; however, neither Highfields Capital I
LP nor Highfields Capital II LP individually own more than five
percent of the shares of common stock of the Issuer.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
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CUSIP No. 930059209 13G/A Page 11 of 12 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 14, 2001
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Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC, its General Partner
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
HIGHFIELDS GP LLC
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title
JONATHON S. JACOBSON
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title
RICHARD L. GRUBMAN
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn, Attorney-in-Fact
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Name/Title
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CUSIP No. 930059209 13G/A Page 12 of 12 Pages
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HIGHFIELDS CAPITAL LTD.
By: Highfields Capital Management LP,
its Investment Manager
By: Highfields GP LLC,
its General Partner
/s/ KENNETH H. COLBURN
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Signature
Kenneth H. Colburn, Authorized Signatory
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Name/Title